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Anu Pärnänen-Landtman

Per Wramner

Hanne Katrine Petersen

Odd Rogne

Consistent with its overall institutional ob-

jective we are pleased to report that the

foundation does not conduct activities that

damage the environment. It uses environ-

mentally friendly materials whenever pos-

sible.

GRID-Arendal conducts activities which

traditionally involve extensive international

travel. In 1999 special focus was directed

on the use of less energy-intensive trans-

portation and on options for reducing

travel requirements. As an example, the

foundation has installed two video-confer-

encing studios to help reduce staff travel.

The Board can report that the foundation

has a sound financial structure. The proj-

ect portfolio has been solid throughout

1999 and the cash flow has been good.

The financial result for the year was NoK

1 779 998, compared with NoK 927 274

during the previous year.

It is the Board's view that the annual ac-

counts give a fair view of the foundation's

position as of end 1999. As a non-profit

foundation its main financial goal is to

have an equity level about half of the fixed

operational cost. With the financial result

achieved this year we note that the above

goal has been reached and is now 53%.

The Board has concluded that the result

for the year of NoK 1 779 998 will be ad-

ded to the retained earnings. These earn-

ings will be used solely to support the mis-

sion statement and long-term goals of the

foundation. The Board concludes that the

foundation has a sound basis for continu-

ing operations and for planning further

strategy-relevant operational activities

over several years into the future.

Christoffersen

Alders

Claasen

Dahle

Fagernæs

Petersen

P.-Landtman

Rogne

Wramner

Leif E. Christoffersen

1990

Chairman of the GRID-Arendal Board

Norway

Hans Alders

1995

Commissioner of the Queen

Province of Groningen

The Netherlands

Daniel van R. Claasen

1999

Officer-in-Charge, EIN/DEIA, UNEP HQ

Kenya

Hanne Kathrine Petersen

1996

Director

Department of Arctic Environment

National Environmental Research Institute

Denmark

Anu Pärnänen-Landtman

1998

First Secretary

Unit for Evaluation and Internal Auditing

Ministry for Foreign Affairs

Finland

Øystein Dahle

1996

Board Chairman of the

World Watch Institute Norden

Norway

Kari Elisabeth Fagernæs

1999

Head of Section

Section of Environmental Assessment

Norwegian Pollution Control Authority

Norway

Odd Rogne

1990

Executive Secretary

International Arctic Science Committee

Norway

Per Wramner

1999-2000

Scientific Director

Global International Waters Assessment

(GIWA)

Sweden